Bank of England’s Breeden Advocates for Additional Rate Cuts, Downplays Market Reactions

In recent statements, Andrew Breeden, a member of the Bank of England’s Monetary Policy Committee, has expressed a strong belief that further interest rate cuts may be on the horizon. Despite fluctuations in financial markets, Breeden remains cautious, downplaying the significance of these changes. He emphasizes that the bank’s monetary policy decisions are guided by economic fundamentals rather than short-term market movements.

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